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Sending money overseas: The currency mark-ups by big banks revealed

2020 rules required banks to be more transparent about the cost of payments
They are required to clearly disclose fees, charges and exchange rate mark-ups
An investigation by This is Money and Transferwise suggests some are still failing to tell customers they face inferior foreign exchange rates
These can cost those sending money for free up to €40 when sending £1,000 ....

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British expats in the EU face financial headaches as European banks hike international payment fees and British ones close their accounts

British expats in the EU face financial headaches as European banks hike international payment fees and British ones close their accounts
George Nixon For Thisismoney.co.uk
© Provided by This Is Money
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Thousands of UK expats living in Europe face having to revamp their finances in the aftermath of Brexit as British banks close their current accounts and European ones hike the cost of sending money overseas.
Customers of some of Britain s biggest banks including Barclays, Lloyds and Nationwide Building Society living in Belgium, Italy, the Netherlands and Portugal have either already had their bank accounts closed or will see them shuttered in the next few weeks. ....

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European banks hike international payment fees for British expats

Thousands of UK expats living in Europe face having to revamp their finances in the aftermath of Brexit as British banks close their current accounts and European ones hike the cost of sending money overseas.
Customers of some of Britain s biggest banks including Barclays, Lloyds and Nationwide Building Society living in Belgium, Italy, the Netherlands and Portugal have either already had their bank accounts closed or will see them shuttered in the next few weeks.
Meanwhile This is Money understands that European banks appear to be flying in the face of EU payment rules designed to limit the cost of sending money overseas, despite them still applying to the UK. ....

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